Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to net revenues of 20-45%, Jefferies said the news on regulatory actions on other pending issues is still incoming.
Sebi’s new ETF rules apply today: What changes from September 7 and how they impact investors?
Sebi’s revised ETF trading rules have come into effect from September 7, changing how price bands and reference prices are determined. The new framework introduces